Streetbeat News

Stock Prices

Keybanc analyst Alex Markgraff has maintained an Overweight rating on Mastercard (NYSE:MA) and increased the price target from $430 to $475, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:37 am

HOOD

Keybanc analyst Josh Beck has maintained an Overweight rating on Robinhood Markets (NASDAQ:HOOD) and increased the price target from $12 to $14.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:35 am

AMZN

GOOG

GOOGL

META

MSFT

NVDA

TSLA

Tesla, Inc. (TSLA) saw a 101% gain in 2023 but is still considered attractively valued compared to its 'Mag 7' peers, according to fund manager Gary Black. Despite competitive pressures and stagnant EV market growth, Tesla's expected five-year adjusted EPS growth and high P/E ratio suggest a strong growth story. The company is anticipated to benefit from new product launches and potential monetization of its Supercharger network and full-self driving software.

Portfolio Pulse from Shanthi Rexaline

January 08, 2024 | 9:22 am

FISV

Keybanc analyst Alex Markgraff has upgraded Fiserv (incorrectly referred to as FI in the article, but correctly traded as FISV on the NYSE) from Sector Weight to Overweight and set a price target of $160.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:21 am

SPR

Boeing Co. (NYSE:BA) faces a new challenge as the U.S. grounds its 737 Max 9 fleet following an incident with an Alaska Airlines plane where a panel was torn off during ascent. This raises concerns about Boeing's stability and its relationship with supplier Spirit AeroSystems Holdings Inc. (NYSE:SPR). The grounding of 171 planes could delay Boeing's plans to increase its 737 manufacturing pace and impact its ability to sell aircraft. The incident adds to Boeing's recent setbacks, including the 737 Max crashes in 2019, which severely damaged its reputation.

Portfolio Pulse from Pooja Rajkumari

January 08, 2024 | 8:53 am

EGRNF

NWTN

China Evergrande New Energy Vehicle Group Ltd's shares fell 23% after the arrest of executive director Mr. Liu Yongzhuo for suspected illegal activities. The company's financial struggles continue, with a recent downgrade by Moody's and a failed share sale to NWTN Inc. Evergrande's chairman's fortune dropped by 93%, and the company filed for Chapter 15 bankruptcy in the US. Shares plunged 87% after a 17-month trading halt, reflecting a loss of 39.25 billion yuan in six months.

Portfolio Pulse from Benzinga Neuro

January 08, 2024 | 8:50 am

BTCUSD

DOGEUSD

Dogecoin (DOGE) and Bitcoin (BTC) replicas are set to launch into space aboard ULA's Vulcan Centaur rocket on its maiden voyage. The mission includes Astrobotic's Peregrine lander aiming for the first U.S. lunar landing in over 50 years and the first by a private company. The Dogecoin Foundation and BitMex exchange founder Arthur Hayes have announced their respective cryptocurrency tokens as part of the cargo, symbolizing 'Bitcoin to the Moon.' At the time of writing, DOGE's price was down 3.07%.

Portfolio Pulse from Mehab Qureshi

January 08, 2024 | 8:37 am

ARBK

Argo Blockchain has successfully raised £7.8M ($9.9M) through the issuance of 38.064 million new shares at a price of £0.205 per share. This placement represents approximately 7.06% of the company's existing issued ordinary share capital prior to the placement, and was directed towards certain institutional investors.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 8:29 am

CMC

Commercial Metals Company (NYSE:CMC) is expected to report Q1 fiscal 2024 earnings of $1.45 per share, down from $2.24 the previous year, with revenue estimated at $1.89 billion. The company has declared a quarterly dividend of $0.16 per share. CMC's stock price slightly declined by 0.1% to $48.22 recently. Analysts from Citigroup, Keybanc, and Goldman Sachs have provided ratings and price target changes, with Citigroup and Keybanc being less optimistic and Goldman Sachs increasing its price target.

Portfolio Pulse from Avi Kapoor

January 08, 2024 | 8:28 am

BOOT

CMC

HELE

JEF

TRIN

U.S. stock futures are trading lower on Monday, with investor focus on Commercial Metals Company (CMC), Boot Barn Holdings (BOOT), Helen of Troy Limited (HELE), Trinity Capital Inc. (TRIN), and Jefferies Financial Group Inc. (JEF). CMC is expected to report earnings of $1.45 per share on revenue of $1.89 billion. BOOT issued preliminary Q3 results with net sales of $520.4 million and EPS at or above $1.79. HELE is expected to earn $2.75 per share on revenue of $544.39 million. TRIN named Michael Testa as CFO, and JEF is expected to post earnings of 34 cents per share on revenue of $1.24 billion.

Portfolio Pulse from Avi Kapoor

January 08, 2024 | 8:28 am